[Biconomy](https://www.biconomy.io/) is one of the outstanding companies rooted in India, paving its way into the Web3 space. The company provides a cross-chain layer infrastructure handling transactions and gas payments bridging applications into Web3. It also owns the BICO token, which has been listed on many exchanges.

While many Web3 applications are built on Ethereum, the increased traffic is causing congestion on the blockchain. The congestion significantly raises gas prices forcing developers to seek alternative chains for their applications.

## Impact on Web3

Biconomy's network allows gasless transactions bringing down all costs for decentralized finance (DeFi) applications facilitating Web3 transactions. Some of its well-known products include Mexa, Forward, and Hyphen.

Mexa facilitates gasless transactions in decentralized applications (Dapps). Forward on the hand, allows users to pay their transaction fees using tokens instead of gas. Hyphen, the final product, provides fast and less expensive token transfers through different [blockchain](/news/article/what-is-blockchain) networks.

The combination of these products renders the protocol multiple uses. Users are empowered with the freedom to enjoy seamless gasless transactions while still interacting with layer1 and layer2 solutions. With time, it can be integrated into any Web3 platform with crypto-enabled transactions.

## Developer Perks

Many developers are already leveraging Biconomy and its multi-chain stack, offering a better user experience in Web3 products in de-Fi, NFTs, and gaming, among others. Users are provided with the following:

•	Plug-and-play Application Program Interfaces (APIs) and Software Development Kits (SDKs) – Among the network’s core features are APIs and SDKs that aid developers in building dApps with incredible user experience.

•	Gasless Transactions – With most Web3 apps, users must pay a gas fee for their utility. This cost hinders the mass adoption of Web3 products. As with platforms like Netflix, users do not pay server fees every time they watch movies. Similarly, Biconomy users are free of charge.

•	Multiple Currencies – While most Dapps are built on Ethereum, their dominant payment option is ETH. Biconomy supports multiple tokens and allows users to make payments with their preferred currencies.

•	Simplified User Interface – Interacting with Dapps entails creating blockchain transactions requiring crypto knowledge and technical; experience. In this case, the user interface has been optimized to the highest levels of simplicity.

•	Cross-chain Transfers – It is not easy to make transfers between chains. The inherent multi-chain characteristic facilitates transactions on blockchain arrays and L2s. It also eases communication while securing value from different chains.

## Biconomy Coin Functionality

Biconomy’s native token is BICO, launched last year and runs as an ERC-20 token on the Ethereum blockchain. BICO has the following functions:

•	Network Fees – The re-layer infrastructure network is maintained by node operators acting as validators and executors for settling and verifying transactions. Node operators must pay a transaction fee in $BICO when adding new transaction data on the chain and, in return, earn $BICO based on the work done on the chain.

•	Stakeholder Incentives – BICO holders are entitled to earning passive incomes through staking. The Proof of Stake (PoS) and liquidity pool integrated into the network assert high security and 100% uptime.

•	Network Governance (Voting rights) – BICO holders have the right to vote, submit requests, and feedback that, when incorporated, shape the future of Biconomy's milestones and endeavors. The governance operation model entails participating in numerous activities like changing the network code, adding and removing services, and allocating funds from the treasury.

## Who is building the BICO crypto?

Biconomy foundation dates to 2019 with the following founders: Aniket Jindal, Sachin Tomar, and Ahmed Al-Balaghi. The team comprises Indian nationals with a great passion for blockchain technology. Jindal brings a wealth of knowledge after studying at the Prestigious Fudan University and years of experience working with Binance. Balaghi is a seed founder and investor in Polygon (previously the Matic network). Tamar has been an engineer at Samsung Electronics and an early Ethereum blockchain enthusiast.

According to [BybitLearn](https://learn.bybit.com/), on 21 July, 2021, the trio raised $9 million through private funding led by the Mechanism capital. Other companies, like Coinbase ventures, have also invested in Biconomy. Additional significant fundraising includes the recent October, which totaled $11.5 million through the public sale of BICO tokens.

## Biconomy Price

BICO hit its all-time-high (ATH) price, $21.87, in December 2021. While we have seen significant down trends in the market with the crypto winter, BICO is not exceptional. Looking into January 2021, it had dropped to $3.50, and as of the time of writing, it’s at $0.43995.

Biconomy is platform building for the future of DeFi and adoption for Web3. Each day, it onboards new partners and will reclaim its ATH in the coming days.

## Putting it All Together

The performance of BICO has not been stellar. However, the developmental team demonstrates clear use cases for its outstanding innovations. Biconomy is looking to be a worldwide facilitator for Web3 transactions.




blue image of crypto coins and biconomy logo

What is Biconomy?

CoinEx Smart Chain (CSC) is a smart contract public blockchain designed to ease the process of building DApps (decentralized applications). Launched in 2021 by CoinEx, a reputable global crypto exchange, it aims to create an efficient and decentralized financial ecosystem.

## Features

Several features enable CoinEx to stand out.

•	EVM compatibility: Ethereum Virtual Machine (EVM) compatibility allows developers to use better development tools and easily adapt DApp to [CSC](https://www.coinex.org/). The feature also allows seamless migration of DApps from Ethereum.

•	High throughput and low transactions: the blockchain uses the proof of stake consensus mechanism to achieve block generation in seconds. It supports high TPS (transactions per second), up to 1,000, which helps maintain low transaction fees.

•	A high degree of decentralization: CSC supports up to 101 nodes or validators ranked by the amount of CET they staked. The higher the amount of CET staked, the higher the ranking. Anyone can become a validator by staking CET tokens.

CoinEx also features a cross-chain bridge that provides assets bridging services between CSC and other chains. It features great security, considering it was built by the CoinEx team, a crypto exchange that continues to maintain a zero accident record.

## CoinEx token (CET)

CET is the native token of the platform. Issued in 2018, it used to be based on the Ethereum ERC20 protocol before migrating to CSC after its mainnet went live.

The token can be used to pay gas and transaction fees for deploying smart contracts. They can also be delegated to selected validators.

As of writing, according to [Coinmarketcap](https://coinmarketcap.com/currencies/coinex-token/), each CET is worth $0.05245. It is ranked the 446th largest cryptocurrency with a live market cap of $37,127,097. It has a max supply cap of 10 billion coins and there are currently 708,633,582 in public circulation.

## Achievements

Some of the projects that have been successfully launched on the platform include:

•	OneSwap: a multi-chain decentralized exchange with smart contract functionality. It supports four public chains, CSC, BSC, TRX, and ETH.

•	IFP Pool: an open-source staking protocol that allows users to earn from CET staking. Staking CET on IFP Pool allows participants to obtain iCET tokens and unlock the liquidity of staked tokens.

•	WaterLoan: a decentralized lending and borrowing protocol. It features two types of borrowing stable borrowing, which has higher interest rates, and variable borrowing.

Other projects launched on the platform include IFSwap, GemGard Finance, Dyor Audit, Via wallet, and Smart Cash, a payment tool that allows users to transfer CET anonymously.

The platform has also ventured into the NFT ecosystem, launching projects like Mini Utopia, an NFT marketplace, Omega Club, an NFT card game, and CoinEx Gem, another marketplace. Besides the projects already launched, many are still in development, which will eventually boost its growth.

The blockchain continues to grow its ecosystem, covering projects focused on a wide range of fields, including DeFi, Web3, [NFT](/news/category/nft-news), gaming, and social media.

## Conclusion

CSC is still considered a fairly young DeFi platform. However, considering what it has achieved, it is worth admiring. Many of its achievements are due to its great support plan, CSC pioneers, and hackathon grants.


blue image of crypto coins with coinex logo overlayed in white

CoinEx Smart Chain

Farm games have evolved as a popular genre in the gaming community since the early days of Facebook ([Meta](/news/article/meta-facebook-nft)). FarmVille introduced a farming simulator where players could play the role of a farmer by growing crops and keeping livestock. There was a reward-based system to earn in-game currency to buy different items. 

But now, they allow you to play and [earn real money](/news/article/play-to-earn) as blockchain technology has taken shape. Several play-to-earn farm games have already made an impact in the industry.

This article presents you with the three best titles in this category.

// Three best P2E farm games

 The following three titles are a must-try for anyone who enjoys farm games:

///1. Plant vs Undead  

[Plant vs Undead](https://plantvsundead.substack.com/) is not entirely a farming game. Instead, it is a hybrid of farming and defence against zombies game. Players have to sow as many plants as possible to protect the mother tree against the army of undead. These plants are non-fungible tokens that are assets for you.

The gameplay revolves around plant synergy. Placing similar plants adjacent to each other may result in a plant attack or an explosion. It also introduces its native token, [PVU](https://coinmarketcap.com/currencies/plantvsundead/), through which you can purchase any in-game item.

Unlike many farming simulators, it's an innovative game that involves some tactical gameplay. Along with that, its NFTs and tokens have real-world value too, making it a more fun P2E for many gamers.

![plant versus undead logo and an image of a cartoon girl with a slingshot running after little monsters](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2022_12_07_at_11_18_14_f2a39fd18d.png)


/// 2. Plato Farm 

[Plato farm](https://www.platofarm.game/index) is another classic crypto-farming game. Here you can cultivate and keep your livestock on your land and earn profits through it. As the name suggests, it is set up in the era of the great Greek philosopher Plato. Its society also reflects the themes of Plato’s ‘Kingdom of fairness’.  

The platform introduces two cryptocurrencies; [PLATO](https://coinmarketcap.com/currencies/plato-farm-plato/) and [MARK.](https://coinmarketcap.com/currencies/plato-farm-mark/) The former symbolises your status in the play as you get more PLATOs when you level up. The latter is a utility token within its ecosystem. There are also NFTs that you can buy through PLATOs. 

![cartoon house with round door and green roof](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2022_12_07_at_11_18_23_2dfc5efaf4.png)


/// 3. CropBytes 

[CropBytes](https://www.cropbytes.com/) is yet another impressive Metaverse farm game. It has a complete farming ecosystem with an agricultural economy. It provides a starter kit to every player using which they grow crops. Players need to feed their animals and collect extracts like milk as they proceed. You can also gather other utilities on the farm to trade. 

The [CBX token](https://coinmarketcap.com/currencies/cropbytes/) fuels the economy of CropBytes. Moreover, it also introduces superhero NFTs, which you can purchase through CBX tokens. The exciting thing about these collectables is that they are breedable, allowing you to maximise profits.  

![cartoon farm from gamefi video game with modern farmhouse in background](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2022_12_07_at_11_18_31_60b98f7545.png)


/// Final thoughts  

For some, [farming games ](/news/article/farming-games-in-metaverse)can be pretty idle. But those who love them find them relaxing and therapeutic. Now the great thing about this genre of games is that they allow you to earn real money by simply playing it tactfully. Moreover, they introduce collectables too that you can add to your portfolios. So, if you enjoy farming in digital worlds, you should try out these titles. 

purple image of farm with two game controllers in the foreground

Best play-to-earn farm games in 2022

[Elrond](https://elrond.com/) is a blockchain platform built to handle high transaction volumes. It's native token, EGLD crypto or eGold, is a multi-use cryptocurrency. The platform, which supports decentralised applications via smart contracts, is built to compete with significant blockchains like Ethereum and Zilliqa to create a [decentralised](/news/article/dns-servers) application and cryptocurrency ecosystem.

The blockchain can process up to 15,000 transactions per second. This makes it one of the fastest blockchain networks on the market. On the network, EGLD crypto is used for [staking](/news/article/what-is-staking-crypto), voting, and transacting. It is the primary asset in the incentivisation system that rewards network participants. Elrond also has a six-second latency, can scale with sharding, and has low transaction fees of $0.001.

It was established in 2018. The blockchain employs a Secure Proof of Stake (SPoS) operating protocol, which processes transactions in parallel. It relies on the contributions of multiple participants, each playing multiple roles simultaneously.

## What makes EGLD crypto unique?

Elrond is unique in its use of Adaptive State Sharding, which divides the network into smaller fractions so that nodes can verify transactions and network operations by resolving one partition at a time. This ensures the network can handle thousands of transactions per second while charging only a small fee.

The project aims to build a new digital economy with decentralisation and scalability built into its blockchain infrastructure. Elrond enables users to create new assets and decentralised applications and conduct low-cost transactions. The project also supports enterprise-grade Dapps while allowing for scaling and providing three programming languages to work with.

## How does the platform function?

Elrond is validated rather than mined using SPoS. The network uses open-source software, meaning the source code is available to anyone. The blockchain works as follows:

1.	Validators process and record transactions: Validators stake EGLD tokens in order to earn the right to process EGLD crypto They collaborate to process transactions and to add new blocks to the Elrond blockchain at the same time.

2.	Fishermen are constantly on the lookout for malicious transactions and users: Fishermen in SPoS networks validate new blocks after validators add them to the blockchain. Fishermen are tasked with locating any invalid blocks or malicious actors that may be present on the network.

3.	Observers passively maintain the blockchain's history: The blockchain observers store the blockchain's entire history. Observers are ineligible for EGLD crypto rewards because they are passive network participants who do not create new blocks.
The network is run concurrently by validators, fishermen, and observers. It is highly scalable due to this concurrent participation.

## Use Cases for Elrond

Elrond is designed to support non-fungible tokens (NFTs) and includes a Smart Accounts NFT framework. Smart Accounts operate similarly to any blockchain network account but support key-value data storage at the account level. They enable users to store large amounts of information directly in their Elrond Network accounts, such as emails, private identity data, health data, proof of citizenship, Know Your Customer (KYC) information, and more. 

Furthermore, Smart Accounts are intended to store and prove digital assets ownership without using the Elrond VM, which results in less bloating on the smart contracts that govern user funds.

The network is developing Elrond Standard Digital Tokens (ESDTs), synthetic assets, tokenised stablecoins, and fiat currencies to run on the Elrond network without requiring smart contract functionality. Elrond's scalability and speed prepare the network for the Internet of Things functionality (IoT).

The blockchain provides solutions for data exchange, financial services, and more to a growing list of enterprise blockchain clients worldwide, demonstrating that user adoption of the Elrond network is increasing.

## How to buy EGLD crypto

EGLD is available on cryptocurrency exchanges, including Binance.us, [KuCoin](/news/article/kucoin-crypto-metaverse), Gate.io, Bitfinex, OKEx, and [Crypto.com](/news/article/crypto.com-news-uk-approval).

##  Bottom line

Elrond promotes scaling and high transaction speeds as the primary sources of the project's intrinsic value, claiming that the network can process up to 15,000 transactions per second. It is a highly functional ecosystem because of its high transaction speeds, scalability, decentralisation, and full custody over users' funds.

As the project progresses, the network strives to become a model of the new internet economy. The project provides competitive transaction speeds and tools for Dapp development and application deployment for public and enterprise-grade use cases.


EGLD Crypto and Blockchain Platform

[Flow](https://flow.com/) is a new kind of blockchain that's optimised for developers. Its unique architecture enables developers to build scalable decentralised applications quickly. According to [today's crypto brief](https://coincodex.com/crypto/flow/), Flow token is currently ranked [#1 in the NFT Tokens sector](https://coincodex.com/cryptocurrencies/sector/nft/) and #21 in the [Layer 1 sector](https://coincodex.com/cryptocurrencies/sector/layer-1/) in terms of market cap.

The Flow project, as a decentralised platform, was built to facilitate the exchange of goods and services. Flow token is based on the ERC20 standard and is built on the Ethereum blockchain. It uses blockchain power to create a trustless system that allows users to conduct transactions without fear of scams or fraud.

[Flow's token, FLOW](/news/article/trending-crypto-coins), is central to the network and used to pay for transaction fees, gas, and other services. FLOW is also used for staking and delegation and to create new tokens.

The Flow blockchain is powered by a consensus algorithm called "gas". Gas measures the computational resources required to run a transaction or program on the Flow blockchain.

## The team and advisors

The team comprises experienced professionals in blockchain, business, and technology. Co-founder and CEO Roham Gharegozlou leads the team. Roham has more than 15 years of technology sector experience and is a serial entrepreneur. He is also the co-founder of BlockCypher, a blockchain platform that provides APIs for developers.

## Flow tokenomics

FLOW is a utility token created to facilitate transactions on the Flowchain blockchain. It is important to note that the Flowchain is more than just a platform for developing decentralised applications. It is also a platform for the [execution of smart contracts](https://flow.com/feat).
FLOW has several use cases on the Flowchain blockchain.

## Use cases for Flow Token

FLOW is designed for use in a variety of real-world applications. [Some of the most popular use cases](https://flow.com/flow-token-economics) include:
•	Payment processing: Flow can be utilised to pay for things online or in-store.

•	Microtransactions: They can be used to pay for small transactions, such as digital content or in-app purchases.
•	Asset management: They can store and manage digital assets.

•	Data monetisation: Flow can be used to monetise data and create new revenue streams.

## The Flow blockchain roadmap

Flow's aggressive roadmap will release several essential products within the next two years. These products include:

•	A decentralised micro-jobs platform.

•	A universal basic income program.

•	A Dapp Store for decentralised applications.

•	A P2P payments system.

•	An advertising platform.

## Why Flow is the next big thing in blockchain

There are a few reasons [why Flow is the next big thing](https://www.coindesk.com/business/2022/05/10/dapper-labs-debuts-725m-ecosystem-fund-for-flow-blockchain-development/) in blockchain. First, Flow has a solid team of developers who are experts in their field. Second, Flow has a clear vision and roadmap for the future. Third, the Flow token is well-positioned to take advantage of the current market dynamics. Finally, FLOW has excellent potential for long-term growth.

In conclusion, FLOW has [a lot to offer investors](/news/article/trending-crypto-coins). However, the minimum, maximum, and average token prices for the year may be around $7.08, $9.00, and $11.12, respectively. According to some unpopular forecasts, the price for the years 2023 and 2024 may remain the same.



Flow Token: An Introduction

Vladimir Putin, President of Russia, talking at the International AI Journey Conference in Moscow on 24 November, criticised the monopoly in global financial payment systems and [advocated](http://en.kremlin.ru/events/president/news/69927) for an independent, blockchain-based settlement network. Sberbank, Russia's largest bank and a primary lender to the government, hosted the event.

## Putin aims to introduce new blockchain payment

Putin thinks that digital currencies and [blockchain](/news/category/blockchain-news) technology could be used to create a new international settlements system that is more convenient, safe for its users, and, most importantly, does not rely on banks or third-party meddling. He believes that something comparable will grow and evolve since no one likes monopolists' control, which damages all parties, even the monopolists themselves.

## Why Putin believes the new blockchain payment is the way forward

Putin also warned that global payments and nations are in jeopardy because of strained links between the West and Russia in the aftermath of Ukraine's invasion, labelling national sanctions as unlawful limits.

According to Putin, the current international payment system is expensive, and a small number of states and financial firms control its account system and regulation forms.

## Lawmakers in talks to change rules concerning blockchain payments

The day before Putin's speech, local media reported that officials were discussing modifying current cryptocurrency legislation to create a legal foundation for a nationwide exchange.

Another recent event was the introduction on 17 November of a bill into Russia's State Duma, the lower house of parliament. It authorises cryptocurrency mining and the selling of the cryptocurrency created.

The measure defines mining and mining pools legally and would establish a local cryptocurrency market, marking Russia's next move toward integrating digital assets into its economy.

Anatoly Aksakov, Chairman of the Duma Financial Markets Committee, believes that the passing of the bill will bring this activity into the legal sphere and allow for the formation of a law enforcement practice on matters relating to the creation and circulation of digital currencies. In [Russia](/news/article/russia-approves-cross-border-crypto), users cannot use cryptocurrency for their respective settlements.


Putin's Blockchain Payment System

Cardano analysis shows that the network offers a resilient [and scalable](/news/article/cardano's-method) blockchain using a Proof of Stake consensus process. Designed to conduct transactions, the blockchain platform Cardano uses its native cryptocurrency, ADA, to facilitate the process.

Founded in 2015 and made public in 2017, Cardano is a decentralised blockchain. Since it doesn't rely on cryptocurrency mining, it is more energy-efficient and scalable. It has established itself as a competitor to PoW blockchains like Bitcoin.

The [goals for Cardano's development](https://www.youtube.com/watch?v=-LWVdXBshdI) are significant. As per the developers, when voting and treasury management on the blockchain are added to Cardano's capabilities, it will eventually become completely decentralised.

While the Cardano platform can handle any transaction, its ultimate goal is to establish an ecosystem that enables smooth interoperability across various blockchains. Let's move into some more detailed Cardano analysis.

## Cardano analysis: It ranks way ahead of its competitors in terms of decentralised nature

The first significant benefit our Cardano analysis reveals is how decentralised the network is. For instance, it provides more than 3,100 staking pools and has staked 70% of the circulating supply. If you look at the numbers, you'll have to agree that Cardano is among the best compared to other Layer 1 blockchains. Cardano's 3,100 validators put it far ahead of its rivals, with Avalanche having 1,200 and Solana with 1,900 validators.

If we pay more attention, we can notice that 22% of the active holdings and 72% of the total pools are operated by single pool operators. This is fantastic since these smaller single pool operators should gain a more significant stake than a small number of large corporations to control everything. Speaking of influential organisations, Binance has the largest staking group, yet it only represents 11% of the total stake. Things seem to be going exceptionally well in decentralisation.

The K parameter for Cardano is the primary reason for their decentralised nature. People are motivated to spread out their state when a pool is oversaturated since it reduces the staking reward. Also, the community of Cardano is quite proud of its decentralisation, which is the second factor.

Being decentralised has its benefits. First, users can always use their coins and tokens thanks to a decentralised infrastructure. A contract's conditions, such as those of a loan, cannot be altered by either party. No third party can stop someone from spending coins or tokens that they have in their wallet. If the coins are secured in a smart contract, the conditions for possession and release will be explicit. The global network that is run by thousands of people all across the world is almost impossible to stop.

## Proof of Stake vs Proof of Work

Continuing our Cardano analysis, let's look at the different algorithms.

On a blockchain network, Proof of Work and Proof of Stake algorithms are used to validate cryptocurrencies. The primary distinction is how they select and qualify users to add transactions.

The PoW consensus algorithm involves challenging puzzles that powerful computers used by miners must solve. Using trial and error methods, the issues are resolved.

The ability to add new blocks for transactions to the blockchain belongs to the first miner who solves the problem or cryptographic equation. The transaction is then added to the blockchain once the miner has verified the block. The miners receive compensation for their participation in the form of digital coins, which they could later sell on the crypto exchanges or hold as part of an investment strategy.

Staking in a PoS system performs similarly to mining in a proof of work system. It selects a network participant to add the most recent transactions to the blockchain and receive cryptocurrency in return.

While PoS operates on the idea of staking, PoW entails competing to solve a challenging mathematical problem to get the opportunity to verify the block. Because the two systems operate on fundamentally different principles, PoS can perform the same purpose as PoW while using only a tiny amount of energy. And for this reason, Cardano is way more environmentally friendly than others like Bitcoin and Litecoin.

## Cardano's major network upgrade - Vasil hard fork

Any Cardano analysis must take account of the [Vasil hard fork](/news/article/cardano-hard-fork). It was intended to improve the platform's transaction throughput rates, DApp development potential, security, and usability in general. On 22 September, Cardano's long-awaited Vasil upgrade finally went live after several delays and setbacks. The hard fork is intended to boost Cardano's decentralised apps (DApps) development potential and to increase the ecosystem's scalability and general transaction throughput capacity from the outside. A hard fork is a network upgrade when the people in charge of a blockchain platform want to add or change specific features to the ecosystem.

The improvement will increase the ecosystem's transaction effectiveness and block latency rates. Diffusion pipelining, a method that aims to speed up block propagation times while boosting the network's transaction processing capacity, will also be used due to the hard fork. It will increase scalability, [smart contracts' potency](/news/article/smart-contracts-blockchain), and interoperability between Cardano's blockchain and other blockchains.

## Smart contract platform of the Cardano blockchain - Plutus

Cardano's Plutus significantly differs from Ethereum's Solidity. Since they come from two entirely distinct programming paradigms, it shouldn't be surprising that they are quite different in almost every way. There are many advantages to the Plutus language, but most result from using a functional programming language. As a result, their smart contracts are simpler to verify, and you can demonstrate mathematically that they will behave as you anticipate. There are also less strange edge circumstances that could mistakenly result in a million-dollar hack in general.

Plutus makes it possible to construct distributed applications and smart contracts using an innovative integrated method that is more practical and secure than previous options. The same language is used in both on-chain and off-chain code.

## Cardano analysis: Two layers of blockchain

A settlement layer (CSL) and a computation layer (CCL), which operate as the essential building blocks of every transaction, comprise the [third-generation blockchain platform](https://cointelegraph.com/blockchain-for-beginners/a-beginners-guide-to-the-cardano-network-and-the-ada-ecosystem) that makes up the Cardano ecosystem.

## Cardano Settlement Layer (CSL) 

To isolate a transaction's value from its computational data, Cardano's inventors set out to create a system.
The Cardano Settlement Layer controls the exchange of value or currency between the sender and the recipient. In other words, the routing layer for all control layers and systems is the settlement layer.

The CSL uses two specialised scripting languages, Plutus and Marlowe, to shift the value and extend support for the overlay network protocol.

## Cardano Computation Layer (CCL)

The foundation of Cardano's CCL implementation is its capacity to support the long-term scaling of specialised protocols. As technology develops, this entails adding hardware security modules (HSM) to the current stack of protocols.

The two layers of the Cardano blockchain enable the ecosystem to proactively adopt modifications to promote quicker and more secure transactions while removing any user metadata that turns out unnecessary for the procedure.

## Cardano analysis: Tokenomics

Every epoch (five days) on the Cardano Network, Cardano validators (pool operators) and their respective delegators receive incentives. Rewards come from both monetary expansion and transaction fees.

The reserve, established by the difference between the total supply of ADA and the maximum supply of ADA, is where the monetary expansion originates from. The total supply of ADA comprises both the ADA held in the treasury and all ADA that is currently in use. The maximal supply of ADA, however, is 45 billion.

Our Cardano analysis shows that 0.3% of the reserve is given as staking rewards and treasury financing with each epoch. This will continue until exhaustion after a few years.

## ADA - The native token

The maximum quantity of ADA, the native token of Cardano, is 45 billion tokens. Cardano analysis reveals as that 34.4B ADA are in circulation as of November 2022.

In total, 25.927 billion ADA were sold to investors during the genesis block distribution. Of that sum, 5,185,414,108 ADA, or 20%, were distributed to the three significant corporations (IOHK, EMURGO, and Cardano Foundation).

As a result, during Cardano's official launch, 31,112,484,646 ADA was available, with a total of 13,887,515,354 ADA set aside as the reserve for staking incentivisation.

## Staking ADA

Pool operators, also known as validators, charge a commission for their operations, which include running staking pools. Delegators receive staking rewards based on how much they have pledged. Staking income is automatically distributed and compounded by the protocol every five days - one epoch.

There is no lock-up time, and delegators can choose and delegate to any staking pool. There is no unbounding period; stakers can withdraw their payouts whenever they want.

However, Cardano's analysis reveals that it takes three epochs, or about 15-20 days, for the original stake to start yielding returns.

The treasury receives 20% of all income earned, and the expansion rate is currently set at 0.3%. The delegator makes according to their stake amount minus the commission charge, depending on how well the pool performs.
At the current pace, delegators might anticipate a total annual percentage yield of about 5%.

## Cardano analysis: eUtxo is superior to account-based architecture

Using a mechanism known as extended Utxo(eUtxo), Cardano has a distinctive method for maintaining records for their blockchain.

The Cardano analysis shows that the network chose to abandon the account-based architecture in favour of something more like Bitcoin's Utxo model because, as you can see, it wanted to be different from Ethereum.

First, in this section of Cardano analysis, let's concentrate on eUtxo's benefits. eUtxo allows you to produce a transaction or output from your address as long as you have the required number of inputs into it. Given that all necessary inputs are present, Cardano transactions have the unique virtue of being guaranteed to execute. This is a vastly superior alternative compared to account-based systems, where transactions frequently fail if the network changes while they are being processed.

Second, as long as they do not use the same inputs, the eUtxo architecture enables Cardano nodes to perform transactions in parallel. They are far more scalable than account-based systems, which handle transactions one at a time within a block. Additionally, transaction fees can be precisely calculated before a transaction is sent. It is far better for users than Ethereum, where we occasionally send a transaction, but the cost is much greater than anticipated. There are many more advantages to eUtxo, but these should help you understand why Cardano chose this model over others used by their competitors.

## Cardano Ballot: The decentralised voting app

Despite the fact that the [Cardano Ballot](https://cardanofoundation.org/en/news/the-cardano-ballot-developing-a-decentralized-voting-app/?utm_campaign=Cardano%20Summit%202022&utm_content=225015074&utm_medium=social&utm_source=twitter&hss_channel=tw-4135644558) was created only for the Cardano Summit 2022, it sparked debates about an enterprise-grade solution and the steps necessary to deploy it. Cardano's Metadata Tools team, notably the Cardano Foundation, is mindful of the expanding research and development towards self-sovereign identification (SSI). We could expect more from the Cardano team in this direction.

The Metadata Tools team came across both respectable elements within the Cardano development environment and places that may use further research and development throughout designing and creating the Cardano Ballot. They are now compiling and evaluating future directions for enhancing the Cardano development and user experience to continue their collaborative work with the ecosystem. 

## Cardano analysis: The Etter Edition 01

Etter Edition 01, a collaborative effort by Christian Etter and Alexander E. Brunner that combines physical and NFT generative art, was facilitated by the Cardano Foundation. The Swiss-based Web3 infrastructure company NMKR issued the [Etter Edition 01](https://cardanofoundation.org/en/news/cardano-foundation-facilitates-launch-of-etter-edition-01/) NFTs, which are redeemable on the Cardano blockchain for actual works of art.

Cardano analysis confirms that the physical version of Etter Edition 01 will feature generative motion graphics identical to those used in the Cardano blockchain's digital NFT version. The project is an example of how Cardano can make it easier to create NFTs with sophisticated metadata features.

The NFT can also be purchased with any currency, demonstrating the outstanding interoperability possibilities the Cardano ecosystem offers. A decentralised algorithm inside the artwork alters the painting endlessly throughout time, fusing the distinctive characteristics of the physical and the digital worlds. The algorithm will be guaranteed to be authentic and unchanged by this ground-breaking usage of the Cardano blockchain, making the code a crucial component of the artwork.



Cardano Analysis and Explanation

The [Metaverse buzz](/news/article/web3-games-raised-millions) has reached the Royals too. The latest Harry and Meghan news suggests that the royal couple is looking to jump on the [virtual land](/news/article/how-to-buy-metaverse-land) bandwagon. They are planning to invest in a new virtual world project. The idea is to connect with their millions of fans through this platform. 

In recent times, the former Duke and Duchess of Sussex have been quite active in the entertainment industry. Their appearances in podcasts and multi-million dollar deals with the firms like [Spotify](https://open.spotify.com/) and [Netflix ](https://www.netflix.com/)have made headlines. 

They will now be entering the Metaverse space as many other celebrities have. [Snoop Dogg](/news/article/snoop-dogg-nft-song), Justin Bieber, Paris Hilton, and numerous other big names have acquired land in the 3D immersive worlds.

## Harry and Meghan: Partnering up with Pax

[The Mirror](https://www.mirror.co.uk/news/royals/harry-meghan-plan-build-world-28499173) reported that the Royal couple is looking to work with the [Pax World](https://pax.world/). It is an award-winning firm that creates virtual experiences for its audience. Talks with the Pax World are in the advanced stages. Potentially, there can be a deal with the Royal partners' charity organisation, [Archewell](https://archewell.com/). 

The collaboration between these two organisations could result in 'Meg-averse'. Meghan Markle will be the leading force behind this project. The platform will allow her to hold business meetings and events and interact with her fans directly. This will also help build the global popularity of this power couple.

## Remarks from the founder of Pax

The founder of the Metaverse platform, Frank Fitzgerald, has shared his views on this partnership. He said his firm would offer the Duke and Duchess a plot at a prime location in their 3D universe.

He also mentioned that this land would allow them to work with top-rated architects to create innovative infrastructures. Through this platform, they can reach a wider global audience.


Harry and Meghan news: Couple entering Metaverse?

Luna 2.0 is a new version of the Luna token, the new cryptocurrency of the Terra blockchain. It came into existence in May 2022 after Luna and TerraUSD (an algorithmic Stablecoin) crashed.

## Origin

When Terra’s tokens [crashed](/news/article/terra-luna-collapse), there were suggestions from investors in either of them about how to move on.

Many suggested a mass burning, but Do Kwon, the CEO and founder of the network, was against it, stating it would not benefit investors. He instead suggested a hard fork of the Terra blockchain, which received mixed responses from the community.

Despite much criticism, Kwon went ahead with the hard fork move. The hard fork resulted in two blockchains and cryptocurrencies.

The new blockchain and cryptocurrency became known as Terra 2.0 and Luna 2.0, respectively, while the old blockchain and cryptocurrency, which still exist, were renamed Terra Classic and Luna Classic (LUNC).

## Purpose

The new Terra token came into existence to compensate investors who had suffered heavy financial losses after TerraUSD crashed. The token was also a way for the platform to try and recover from the devastating market crash.

The new tokens were issued to those who held their old versions through airdrops. The token’s distribution plan included giving 35% of them to those who held its old version before the crash. TerraUSD holders received 10%.

Investors received the tokens based on how much of either the TerraUSD or old tokens they held before the crash.

## How is it different

Luna 2.0 was created without the vulnerability of its old version. It is designed to operate without depending on any stablecoin for value. The old version-maintained value through its relationship with the TerraUSD algorithmic stablecoin.

## Market performance

On 28 May, when the token first hit the market, it was worth $4.94, according to [Coinmarketcap](https://coinmarketcap.com/currencies/terra-luna-v2/). It would quickly appreciate, ending the month worth $10. Things would, however, take a huge turn for the coins going forward. They would slowly depreciate and start trading at $2 on 10 June.

The coin traded between $2 and $1 for most of the months to the time of writing. It is currently worth $2.68. It is ranked the 99th largest cryptocurrency globally, with a live market cap of $336,746,754.

There are currently 127,475,474 of them in public circulation. They are listed in several crypto exchanges, including Binance, KuCoin, OKX, and Bittrue.

In comparison, LUNC tokens, [as of writing](https://coinmarketcap.com/currencies/terra-luna/), are worth $0.0002662 each. They are ranked the 33rd largest cryptocurrencies in the world, with a live market cap of $1,637,683,104. 

It is worth noting that not many people are confident about the new Terra coins. Many were quick to sell theirs as soon as they were airdropped. While it is early for speculation, the coin is not performing well. There are, however, a few who are hopeful about its future.


What is Luna 2.0?

[CoinBureau](https://www.coinbureau.com/) is a website dedicated to delivering educational and informational blockchain guides to users worldwide.
Its team of writers is passionate about all things blockchain and loves nothing more than sharing their knowledge with the readers. They want to make blockchain more accessible than ever before.

If you're interested in learning more about blockchain or want to stay up-to-date on the latest news and trends, then CoinBureau is the website for you. 

## Different types of content on CoinBureau

On CoinBureau, you'll find different content that helps you learn more about blockchain technology and the cryptocurrency ecosystem. It has articles that discuss the [latest news](/news) and events in the world of crypto and tutorials that will help you get started with Bitcoin and other cryptocurrencies.

It also has a website section dedicated to helping you find the [best crypto exchanges](/news/article/best-exchanges-for-crypto-uk) and wallets. Suppose you're looking for a more hands-on learning experience; it has a range of video tutorials taking you through the basics of blockchain technology and cryptocurrency trading.

Whatever your level of knowledge, it has content that can help you advance your knowledge of the world of blockchain.

## Categories covered by CoinBureau

The website covers five categories: mining, reviews, trading, DeFi, and news.

The mining section answers questions you may have about crypto mining. The [review section](https://www.coinbureau.com/review/) covers the reviews of cryptocurrency and blockchain projects. 

The trading section covers how you can trade efficiently by understanding the knowledge of trend lines and more. The DeFi section will help you to understand how it is trying to overthrow traditional centralised finance.

The guides section helps readers to find better exchanges and blockchain projects. Finally, the news section covers all the latest news that affects the crypto world.

## Two hubs of CoinBureau

The CoinBureau website is an ocean of crypto content. It provides its visitors with information through two hubs, which are:

### Resource Hub

Here you will find the best evergreen cryptocurrency information available. It covers everything related to blockchain and cryptocurrency. The platform is ideal whether you want to learn about mining or trading, need a how-to guide, or want to research your favourite project.

### Video Library

With more than one million subscribers, CoinBureau has the world's largest cryptocurrency YouTube channel and consistently produces the best videos for your consumption. And it keeps all of those informational videos in this hub for your convenience.

## Conclusion

CoinBureau is a growing community with more than 695K followers on Twitter, 2.07 million subscribers on YouTube, and 196K subscribers on Telegram. The site has a one-stop solution for cryptocurrency enthusiasts with content news for all the readers from beginner to pro level.



CoinBureau: Making Blockchain Info Accessible

[Bytecoin](https://bytecoin.org/), or Bytes crypto, was launched in 2012, promising complete decentralisation and privacy. It offered an open-source code through which anyone could contribute to the network. Besides, it allowed users to enjoy higher efficiency at a nominal cost.  

The network’s untraceability is one of the standout points. It can be ideal for users who want to remain anonymous while making trades. Though it is an old and promising network, its Bytecoin has not progressed in the market. 

In this article, we will investigate [Bytes crypto (BCN)](https://www.coinbase.com/price/bytecoin-bcn) and its future as an investment.

## Bytes crypto network explained

Nicolas van Saberhagen introduced the BCN blockchain intending to solve some significant problems with existing blockchains. A key feature of most cryptocurrencies is their transparency. However, this results in making the users’ data public. This is where the BCN network comes in. 

It eliminated this issue with the use of CryptoNote technology and ring signatures. This allowed the platform to make transactions untraceable. Besides, it also adds to the unlinkability by offering users a different address for each transaction. 
Apart from that, it does not compromise on decentralisation and efficiency either. Its flexible mechanism allows readjustment of block difficulty. It is the reason the network needs only 120 seconds to generate a new block. 

On the other hand, its ecosystem involves several other blockchain companies. These include [reputed exchanges](/news/article/best-exchanges-for-crypto-uk), [mining pools](/news/article/crypto-mining-farms), [multi-wallets](/news/article/cryptocurrency-hardware-wallet), news agencies, merchants, and other tools. With all these attributes, it is a pretty handy platform for users who want to keep their anonymity and enjoy a standard platform’s features.   

## Features

Bytecoin is the native token of the platform. It is used for network maintenance and governance. Here are some prominent features of the token:

1.	Decentralisation
Bytes crypto offers complete decentralisation. It is a network spreading all over the globe with a large number of nodes, and all its users share governance rights, which are facilitated by Bytecoin.

2.	Untraceable and unlinkable transactions
Transactions in Bytes crypto are untraceable and unlinkable, keeping the users anonymous. It leverages the CryptoNight mining algorithm, which allows it to maintain secrecy. Ring signatures for verifying transactions ensure that the sender's identity remains hidden. 

Meanwhile, one-time addresses eliminate the risk of linking users to the transaction. That’s why the users who prioritise their privacy can choose this network.

3.	Adaptive parameters and scalability
Adaptive parameters are another feature that differentiates this BCN from the likes of [Bitcoin](/news/article/bitcoin-price-uk). Its code is not rigid and can be adjusted as per the requirements. So, if there is a change in hash rates, it can modify the block-generating difficulty. 

4.	Efficiency and lower cost
The coin not only allows decentralisation and untraceability but can also give you impeccable efficiency. Because of the CryptoNote technology and ring signatures, it can instantly process transactions. Moreover, it only takes around two minutes to add a block. The costs are also minimal in comparison to most cryptocurrencies.

## Is Bytecoin a good investment?

It is a privacy-oriented platform that offers various use cases. Atypical of the earliest cryptocurrency projects, it was among the first to introduce untraceability. However, with time, many other similar projects like Monero took shape. Bytecoin was left behind because of a lack of innovation. 

That’s why this coin is not a likeable choice for investors. Its current value is only $0.000024, with a market cap of $4,402,170. [CoinMarketCap](https://coinmarketcap.com/currencies/bytecoin-bcn/) shows quite a low ROI, which is down by 63.79%. There is also not much activity on the network since 2019. This does not play well for its position in the market. Therefore, it might not appear to be an ideal investment option. 



Bytes Crypto: Is it a good investment? 

Japanese mobile operator [NTT Docomo](https://www.docomo.ne.jp/english/) is one of the leading names with the largest market share in the country. It has decided to work with the multi-chain [smart contract](/news/article/smart-contracts-blockchain), Astar Network. The partnership is likely to help establish a Japan [web3](/news/article/web3-games-raised-millions) consortium. 

This initiative aims to provide crypto users with an opportunity to use tokens for governance and will promote the adoption of web3 infrastructures.

## Transforming Japan's web3 ecosystem

The joint forces of NTT Docomo and [Astar Network](https://astar.network/) will focus on solving societal problems, especially environmental ones. Implementing a Decentralised Autonomous Organisation ([DAO](/news/article/daomaker-guide)) will be the primary goal.
 
These firms will use this iteration of web technology to bring forth solutions for environmental problems and regional development. They plan to analyse the available case studies in this area and formulate a roadmap to enhance technology use further. 

Docomo brings an in-depth knowledge of societal problems. On the other hand, Astar's platform has the developing next iteration of the internet's infrastructure that can be deployed for transformational blockchain projects. It will help fill the educational gap for the usage of cryptocurrencies and promote web3 adoption. 

## Views of Astar's CEO

Sota Watanabe, the CEO of Astar, believes that in the context of web3 adoption, more projects introducing infrastructures with better user experience and accessibility are essential. Moreover, he also maintained that this technology should not only be for professionals and developers. Instead, the general public should be able to benefit from it. 

Japan is currently focusing on the promotion of digital assets in the country. The Ministry of Economy, Trade, and Industry (METI) is working to strengthen the industry. For this reason, they also introduced [tax reforms](/news/article/crypto-tax-japan-reforms) for crypto users. With the establishment of a web3 consortium, the country will be moving further towards mainstream adoption of crypto assets. 




NTT Docomo to establish Japan’s web3 consortium

The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) officially [launched](https://meaacba.org/new-crypto-and-blockchain-association-launched-in-abu-dhabi/) on November 8 in the Abu Dhabi Global Market (ADGM), a free economic zone based in the city's centre subject to its own set of civil and commercial laws. The zone was designed to further the growth of fintech companies in the United Arab Emirates (UAE).

According to its website, the nonprofit will aim to facilitate regulatory solutions, create commercial opportunities, and invest in education to support industry growth.

## How did the Middle East, Africa and Asia Blockchain Association come about?

The association will be led by board chairman Jehanzeb Awan, founder of an international risk and compliance consulting firm headquartered in Dubai.

Other supporting the association include Binance's regional head of Middle East and North Africa (MENA), Richard Teng, Crypto.com's general manager of Middle East and Africa, Stuart Isted, and Ola Doudin, the CEO of BitOasis, a cryptocurrency exchange in the region.

Awan said he hopes the organisation will bring a collaborative and community-based approach to further industry growth in the MENA region and "create wide-reaching benefits for this highly dynamic and exciting space."

"The industry will benefit from the Association as it provides a coordination mechanism between regulators, government agencies, banks, legal, tax, and advisory firms to address the most pressing challenges," he added.

ADGM's chairman Ahmed Jasim Al Zaabi, also stated that MEAACBA's addition would contribute to a much more "progressive financial sector" in the region.

MEAACBA's launch comes as the Financial Services Regulatory Authority (FSRA) — the financial regulator of ADGM's free economic zone — published a set of "Guiding Principles" on its approach to [navigating the regulatory complexities](https://cointelegraph.com/news/abu-dhabi-regulator-introduces-guiding-principles-for-crypto) by the digital asset industry in September.

The principles are said to be "crypto-friendly" while still complying with some of the strict international standards on Anti-Money Laundering (AML) and [Counter-Terrorism Financing (CFT)](https://cointelegraph.com/news/tech-savvy-terrorists-are-using-crypto-to-finance-their-horrible-deeds-un-official) by the United Nations.

## MENA-The fastest-growing crypto market

According to a recent study, the MENA region is also the [fastest-growing cryptocurrency market](https://cointelegraph.com/news/middle-east-and-north-africa-are-fastest-growing-crypto-markets-data) in the world. During 12 months from July 2021 and June 2022, transaction volume in MENA reached $566 billion, an increase of 48% from the previous 12 months.

The use case for cryptocurrencies in many of these emerging markets has come in the form of savings preservation and remittance payments to counter the effects of inflation in volatile economies.



Middle East, Africa and Asia Blockchain Association launch

Launched in 2021, [Phantom wallet](https://phantom.app/) is a non-custodial crypto wallet built for the Solana blockchain. It is used to interact with Solana-based tokens, smart contracts, NFTs, and decentralized applications (DApps). It is available as a browser extension and mobile app.

It can be accessed using major browser extensions such as Chrome, Firefox, Brave, and Edge. As a mobile app, it is compatible with iOS devices as well as Android.

## Key features

Phantom wallet stands out with its many features. They include;

i.	Simple user interface: Its simple user interface makes it beginner friendly. Anyone can use it to interact with the SOL blockchain. All service options are available on the first page.

ii.	Non-custodial: Users have complete control of their private keys, which give access to their funds. It has no access to users’ data or funds.

iii.	Supports Ledger: It can be connected to Ledger, a leading and highly secure hardware wallet for extra security.

iv.	Built-in exchange: It features a built-in decentralized exchange that allows users to swap SOL-based tokens within it.

v.	NFT compatible: It supports NFT collectibles from the SOL blockchain. It has a feature that automatically groups similar NFTs for easy accessibility. However, it only supports Solana NFTs.

vi.	[Crypto staking](/news/article/what-is-staking-crypto) capabilities: It allows users to stake SOL and receive rewards. Crypto staking is a good way to earn passive income from cryptocurrencies.

vii.	Great security: A strong password is the first line of defense. It is required to protect funds from thieves and hackers. It also features a recovery key phrase to restore access to it. Biometric authentication is another security feature offered to those using its mobile app version. The feature enhances its security even when accessing it on the go.

viii.	Privacy: It prioritizes privacy. Users don't have to provide any personal information to create it. They only need to create a password to start using it. It also does not track any personally identifiable information, users' account addresses, or asset balances.

## Pros and cons

There are many reasons to use Phantom wallet to interact with the SOL blockchain. Some of its advantages include;

### Pros

•	It is easy to use, therefore beginner friendly.

•	It is non-custodial, therefore, does not have control over users' funds.

•	It features a built-in swap and is compatible with NFTs.

•	It supports Ledger (a hardware wallet) for increased security.

•	It prioritizes privacy and features great security.

### Cons

•	It does not support any other network.

## Conclusion

Phantom is a great wallet. It is especially perfect for newbies venturing into the crypto space through Solana, one of the most active and fastest-growing ecosystems in the crypto space.

It is easy to use, feature-rich, and highly secure. It easily gives access to all Solana services. It can be accessed as a web extension and mobile application. There is a lot to like about it.



Solana Phantom Wallet Guide

Blockchain is the tech that underpins cryptocurrency, but is not, in itself, a cryptocurrency. It is a decentralised [ledger](https://blockchainsimplified.com/blog/types-of-blockchain-ledger/) which tracks digital assets on a peer-to-peer network. 

On this network, every node (computer/server) connects to every other and each node holds the same copy of the ledger. 

So, [blockchain](/news/tag/blockchain-tag) is an ever-growing, secure and shared record-keeping system where each user of the data retains a copy of the records. These records are only updated when most parties agree to the update. 

 
 

## Examples 

In a simple sense, this is like your bank account statement or records of your sales and purchases of raw materials. It is similar, in some ways, to an Excel spreadsheet tracking equipment used by a hospital. 

A good analogy for explaining blockchain is that of a large book. Think of it as an old book-based ledger, where each page refers to the previous page through a page number. In this analogy the book is blockchain, a page is a block and an entry on that page is a blockchain transaction. 

It is easy for you to see if a page has been removed or deleted, just as it is to see if a block has been changed. It is also simple to arrange the pages, thanks to age numbering, and, therefore, identify suspicious behaviour. 

The fact the pages (or blocks on the blockchain) are built tightly on top of each other and numbered makes it impossible to tamper with previous entries without someone noticing. 

 
 

## Blockchain parts, and what they look like 

A generic blockchain will include certain features. These include: 

- Address – unique identifiers – of the sender and receiver. This is usually a public key 

- Transaction – representing the transfer value – one address to another 

- Block – multiple transactions and other elements, including: 

1. Reference to the previous block 

2. Nonce – the number generated and used only once 

3. Timestamp – creation time of block 

4. Merkle Root – hash of all nodes of a Merkle tree 

5. Transactions – a record of an event, such as the transfer of crypto from the sender to the receiver’s account 

 
 

## How blockchain works 

Here is a simplified explanation of how it works. 

#### Transaction initiated
The node starts, first creating and then signing it with a private key. The transactions may be cryptocurrency transfers or smart contract invocation. 
#### Transaction validated and broadcast
The transaction is verified pre-broadcast and then it is broadcast to other peers, who validate based on pre-set validity criteria.
#### Find a new block
The transaction is received and validated by miners, then included in a block and the mining starts. Miners then race to finish the block they have created. 
#### New Block found 
When the miner solves the math puzzle, the block is considered mined or finalized, and the transaction is confirmed. 
#### Add a new block to Blockchain 
The new block is validated, the transactions/smart contracts executed, and it is broadcast to peers. The peers also validate and execute the block, and it is now part of the blockchain. The next block links itself back to this one with a hash pointer, which refers to the previous block. 

## Benefits of Blockchain 

Blockchain offers a range of benefits, perhaps most notably [decentralization.](/news/article/dns-servers) This means there is no need for a third party or intermediary as it is based on a consensus mechanism. It is also transparent and can be trusted; a blockchain and its transactions are a public record and immutable, meaning it is almost impossible to change data written on the blockchain. 
Blockchain is highly available, as it is a system based on thousands of nodes in a network, and data is replicated and updated for every need. It is also highly secure as all transactions are cryptographically secured. Only valid, verified transactions are included in the blockchain. 
Simplicity is also a benefit, creating a single, shared ledger among parties. For example, it could be used as a one-place healthcare record. 
Blockchain also allows faster dealings, with the quick settlement of trades, and cost savings, especially as there is no third party or clearing house seeking payment or fees. Additionally, blockchain allows smart contracts to be run, programs that execute business logic on behalf of users, and can be used for smart property, where you link an asset, digital or physical, to a blockchain. 


## Blockchain problems 

There are some issues with blockchain, however.  Perhaps most commonly discussed are problems like scalability (they are not scalable as financial networks. Yet.), and adoption. It is still seen as a relatively immature, nascent technology so we are yet to see mass adoption of blockchain.  Some people have raised issues of privacy and confidentiality around public blockchains, where anyone can see everything. 

What is Blockchain?

In 2022, interoperability and bridging have been the top priority of developers. Alongside Polygon Bridge, several [bridges](/news/article/binance-bridge) are already in place that connect different blockchains. Among them, the top blockchains that provide a solution for this problem have been [Binance](/news/article/guide-to-binance-uk) and [Avalanche](/news/article/avalanche-crypto-metamask). 

[Polygon](https://polygon.technology/) is also an emerging network for interoperability. It offers two bridges that allow easy transfers between MATIC and Ethereum. Here, we discuss the workings of Polygon and explore how you can transfer tokens between different networks! 

## Polygon Bridge explained

It is yet another solution in the crypto space for asset transferring between different blockchains. Since the blockchain provides scalable infrastructure for networks supported by [Ethereum](/news/article/ethereum-the-merge), moving assets between blockchains is necessary. That's why a bridging mechanism was created to allow interoperability.

This provides the MATIC network with a cross-chain feature, which operates on a trustless smart contract. With the availability of this feature, you can send ERCs and [NFTs](/news/article/polygon-nft-drops-2022) to its side chains. 

There are two [Polygon bridges](https://wiki.polygon.technology/docs/develop/ethereum-polygon/getting-started/#pos-vs-plasma); one is Proof-of-Stake (PoS), and the other is Plasma. PoS bridging is a widely used option as it is highly flexible and supports more token standards.  

## How to use a PoS bridge

The following steps will guide you on using the PoS bridge. 

1.	Firstly, go to the [web wallet](https://wallet.polygon.technology/) and choose the Polygon Bridge option.
2.	Link your cryptocurrency wallet, like [MetaMask](/news/article/what-is-metamask) or any other, to it. Then, you need to sign a verification message and proceed to it by verifying the URL.
3.	It will redirect you to the bridging interface. Else, you can go to that page by selecting the option from the menu bar on the left. 
4.	Then you would need to send tokens from Ethereum to the Matic network. For this, click on the ‘Deposit’ tab and select the token you have to bridge. 
5.	After that, enter the amount as per your preference and proceed with ‘Transfer.’
6.	Next, it will show you important reminders about what it supports and what it does not. After reading that, you can go ahead with ‘Continue’.
7.	Then you will be able to review the estimated transaction fee. Here check all the transaction details and proceed with ‘Continue’.
8.	 Next, it will ask for your approval via signature. If all the details are correct, continue by clicking ‘Confirm’.
9.	Your transaction will take a few minutes. Meanwhile, you can monitor its status through [Etherscan](https://etherscan.io/).  
 
[Polygon](/news/article/polygon-crypto) provides a formidable infrastructure for Ethereum-compatible blockchains whose bridging tool completes it by providing cross-chain asset transfers. It has two bridging options; PoS and Plasma. 

PoS can be ideal as it allows flexibility and supports many tokens. If you own a crypto wallet, like MetaMask, you can easily integrate it with the Polygon Bridge to transfer your assets between different blockchains.
 


Polygon Bridge Guide: Transfer Your Asset

Given the volume of people searching for 'Python get crypto prices Binance', there is clearly a high demand for using the Python programming language to obtain data from the world's largest cryptocurrency exchange.

If you have been Googling 'Python get crypto prices Binance', then this article might help you understand how to create and use the Python-Binance API.

When it comes to cryptocurrency trading, Binance has established itself as a market leader. According to coinmarketcap.com, it now ranks first in Bitcoin volume and well in several other currencies.

Using Python or a variety of other programming languages, you could easily use the Binance API that helps your device to connect with the Binance servers. An API allows data to be transferred between software products. This entire process is done with a set of programming codes. It also includes the terms of the data transfer. You can use the Binance API to robotize your trading.

Binance provides the RESTful API, which consists of an assembly of interlinked resources and sends and receives data via HTTP queries. It conforms to the design principles of the REST, or representational state transfer architectural style. A WebSocket, a computer communications protocol,  is also provided, allowing data like price quotations and account updates to be streamed.

## How to install Python Binance

To install Python Binance, you could use the pip package manager. This Python library allows you to access data such as price-related information using the Binance API. Don't worry if you are not a programmer; it is not such a challenging task. You don't need to have coding experience to install Python Binance.

Go to the command line, terminal, or the shell on your device and type “**$ pip install python-binance**”. 

## How to create Binance API

With the help of an API, you can get data directly from the Binance's servers with the assistance of various programming languages, in this case Python. You can interact with the Binance data via third-party applications, and look at your wallet status and your past transactions, trade, and deposit. You can also withdraw money from third-party programs, which reduces your workload and automates the overall process.

**Step 1**: Log in to your Binance account and click on the user centre icon. Here you will get a dropdown menu. Click on API Management.

**Step 2**: Once you click the API Management button, you will be directed to a page to create an API. Here you will be asked to label the API and proceed. Also, enable two-factor authentication on your account, which is essential for creating an API.

**Step 3**: You will be asked to complete the security verification, like email verification, phone verification, or Google verification, with your registered device.

**Step 4**: Your API is created, and you will be asked to take note of the IP access restrictions.

Connect to client object using Python

As you have already installed Python-Binance and you have your Binance API, you need the Python library and to connect it to the Binance client.

You could achieve this using the following [four command lines](https://python.plainenglish.io/how-to-set-up-and-use-binance-api-with-python-3e33a51210d9):

from python-binance import Client

api_key = "your api key"

api_secret = "your api secret key"

client=Client(api_key,api_secret)

**How to get all the coins available on the platform with their respective price**

To get the price, simply write the following line of code:

**getPrice = client.get_all_tickers()**

However, the data format that you get as output is quite unreadable. To solve this problem, you must install and import pandas in the Python document to stock the available data in a DataFrame.
Command line to install pandas:

**pip install pandas**

**import pandas as pd**

You could also get historical data from the DataFrame by specifying the asset, start date, end date, and time frame.

Now, you could retrieve the information using the command:

historicalData =pd.DataFrame(assert,timeframe,start,end)

Now, if you want to view the data graphically, you must install and import the mplfinance library.

As we already have all the data and the graph using Binance Python API, we could easily confirm our trading strategy by looking into how an asset performed in a given custom time set.

Find out more blockchain based news at [Latest Moni](https://monitalks.io/news/category/blockchain-news).


Python: Get Crypto Prices from Binance

The rise of various blockchain companies has brought a lot of advancement and progress in how we see and work with blockchain technology. However, due to the loss of several investments to shady companies and projects, there has also been a level of caution. [Cryptoland](https://cryptoland.is/) is one of the mega projects that has brought uncertainty and doubt to crypto lovers and investors.

## What is Cryptoland

The Cryptoland project comes off quite differently from other blockchain and [Metaverse](/news/article/web3-games) projects. The founders aim to create a physical community to fill the experience that online communities cannot offer. It is said to be a real-life island NFT project. The company is [reportedly](https://thenextweb.com/news/welcome-to-cryptoland-real-island-cryptocurrency-fans-analysis) founded and led by Max Olivier and Helena Lopez with this mission to unite crypto enthusiasts.

According to their website, it aims to build a powerful ecosystem of crypto enthusiasts for crypto enthusiasts. They claim the island will have co-working zones, incubators, hotels, restaurants, et cetera. According to the founders, it will encompass all facilities for the community to thrive.

## Is Cryptoland real?

Cryptoland majorly offers land for investment, which has drawn the attention of investors around the globe.

There is speculation about whether this is real or just another elaborate scam.

"We are building the number one crypto destination on earth," their website says as they make their ambitions known.

This audacity may not have put some fears away, as some people question the safety of the investment for various reasons.

It was originally planned to be an island in Fiji, but information about the purchase or ownership is yet to be publicly available. This also means that there is no information on whether the project has started or not.

The uncertainties around the project have caused several criticisms among well-known personalities.

Molly White, a well-known crypto sceptic, did research that included a [report](https://twitter.com/molly0xFFF/status/1478500436873293828) of her findings on Twitter and an [online conversation](https://www.youtube.com/watch?v=aAYSUpCmVd8) with the founders.

## Is investing in Cryptoland worth it?

Cryptoland says most people struggle to transition into a full-time crypto lifestyle because they are isolated, and their innovation will solve this problem.

The arguments have been on whether there is really a problem to solve, the profitability of the venture, and the sustainability of the same.

Many have bought into this project and do believe in it. The major investment that is being made is the purchase of land in this community.

The Blockchain Hills area, a part of the project, is [reportedly](https://twitter.com/molly0xFFF/status/1478515610585817091) worth about $1.3 million; however, little detail is given on whether it has been purchased and how it will be managed. The Blockchain Hill is to be sold as "King Cryptolander NFTs".

Amid this, Cryptoland continues to gain popularity and has not shut its doors to the public on its company mission of uniting crypto enthusiasts.



Exploring the Cryptoland